Purpose | For the working capital/any business purpose requirements of the business concern. And also, for the construction of shop in the pre-owned land or for purchase of ready built shop/ commercial space for business |
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Eligibility |
(Borrowers satisfactorily engaged in trading/ business activity for a period atleast 1 year prior to seeking credit under the scheme and having earned cash profit during the period )
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Quantum of Finance | Minimum: Rs 5 lacs, Maximum: Rs 500 lacs. (For purchase/construction of shop maximum finance is Rs 200 lacs) (With deviations maximum finance can be upto Rs 1000 lacs) |
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Quantum of Finance is subject to |
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Rate of Interest | Click here | |||||||||||||||
Processing charges: | Click here | |||||||||||||||
Repayment | Term Loan:Repayable in maximum upto 10 years, including moratorium period of maximum of 12 M Working Capital Term Loan: Repayable in maximum upto 5 years, subject to annual review. Overdraft Facility: Repayable on demand. Interest shall be recovered immediately when due. |
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Guarantee | Personal guarantee of owners of property, spouse/ major son of prop., directors/partners | |||||||||||||||
Concession in ROI for MSMEs Only |
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